I am going to start with…The buyer got into this home for about $1,400 out of pocket!!!!

For this townhome I sold in Valley Springs for $320,000, I was the agent for the buyer, who was referred to me by good friends. Amazing how vastly different the real estate market is as one goes further out of Silicon Valley. This is a beautiful townhome in a wonderful golf course community. This townhome is surrounded by beautiful and quite large custom homes. And, it is also very close to a lake.

This townhome had been on the market for almost 4 months! Mostly, she was initially priced way too high, and over time, the seller dropped the price little by little. The seller already had a home she wanted to buy, and it was contingent on selling this home, so she was motivated to lock in a buyer so that she could complete her home purchase.

She was still priced on the high side, but we were able to negotiate and ended up getting a great price. My buyer almost passed on this home because of the price, but we figured, let’s give it a shot. So glad we did!

We were the only offer, so the seller wanted to make this work and not lose the buyer so that she could get into the home she really wanted.

The buyer had ALL contingencies in place, so the buyer had an inspection, loan, and appraisal contingency. And, the offer was just overall a buyer friendly offer, since there was no competition with a very motivated seller.

How did the buyer buy this home with only about $1,400 out of pocket costs? There are special loan programs available. For this case there is a 1st and 2nd loan, which took care of the down payment completely. And, I negotiated a $10,000 seller credit for closing costs, which basically covered practically all out of pocket costs for the buyer. He is a very happy homeowner!

Sold for $320,000

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